Senior Risk Management Professional
4 weeks ago
Piermont Bank is a pioneering digital commercial bank that has revolutionized the banking industry since its inception in 2019. Our mission is to transform the face and pace of banking by providing an unparalleled experience that combines the best of banking and agile Fintechs.
We are a purpose-driven organization, committed to creating and delivering banking products that cater to the needs of the digital economy. As the go-to Bank for the fintech ecosystem, we strive to create an inclusive environment for all employees, celebrating diversity and promoting equal opportunities.
The RoleThe Senior Manager of Enterprise Risk Management (ERM) will play a vital role in the bank's overall risk management strategy, working closely with Senior Leadership to identify, evaluate, and mitigate risks that could impact the Bank. This position requires a seasoned professional with a strong background in risk management, compliance, and operational risk concepts.
The successful candidate will be responsible for assisting in the process of identifying and analyzing potential risks across the entire organization, including financial, operational, strategic, compliance, and reputational risks. They will also oversee and enhance risk profiles and risk registers, develop and implement comprehensive risk mitigation strategies, and collaborate with various business units to ensure that appropriate risk controls are in place.
The ideal candidate will possess a Bachelor's degree in business or a related field, with a minimum of 7+ years of progressive Commercial banking/financial services operations, compliance, and/or legal management experience. They will also have knowledge of relevant laws, regulations, and industry standards related to risk management and compliance, as well as comprehensive knowledge and experience in evaluating compliance, risk management, and operational risk concepts.
Responsibilities- Assist in the process of identifying and analyzing potential risks across the entire organization.
- Oversee and enhance risk profiles and risk registers.
- Develop and implement comprehensive risk mitigation strategies.
- Collaborate with various business units to ensure that appropriate risk controls are in place.
- Implement risk-transfer mechanisms to address specific risks.
- Maintain a robust risk governance structure, including policies, procedures, and risk appetite guidelines.
- Create regular reports and presentations for the senior management team and the Board of Directors.
- Support a risk-aware culture across the organization.
- Ensure the organization is adequately prepared to respond to emergencies, including business continuity and disaster recovery planning.
- Bachelor's degree in business or a related field.
- Minimum of 7+ years of progressive Commercial banking/financial services operations, compliance, and/or legal management experience.
- Knowledge of relevant laws, regulations, and industry standards related to risk management and compliance.
- Comprehensive knowledge and experience in evaluating compliance, risk management, and operational risk concepts.
- CAMS and Risk Management certification preferred.
- Familiarity with BSA/AML and OFAC information technology, concepts, and applications.
The hiring range for this position is $120,000 to $150,000 per year. The base pay will be determined based on internal equity and may vary depending on the candidate's job-related knowledge, skills, and experience. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.
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